The bonds issued under the provisions of this chapter are general obligations of the State of Mississippi, and for the payment thereof the full faith and credit of the State of Mississippi is irrevocably pledged. If the funds appropriated by the Legislature are insufficient to pay the principal of and the interest on such bonds as they become due, then the deficiency shall be paid by the State Treasurer from any funds in the State Treasury not otherwise appropriated. All such bonds shall contain recitals on their faces substantially covering the provisions of this section.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 31 - Mississippi Telecommunications Conference and Training Center
§ 31-31-7. General powers and duties of commission
§ 31-31-9. Mississippi Telecommunications Conference and Training Center Fund
§ 31-31-19. Execution of bonds and coupons
§ 31-31-21. Negotiability of bonds and interest coupons; compliance with Uniform Commercial Code
§ 31-31-23. Issuance and sale of bonds by State Bond Commission
§ 31-31-25. Pledge of full faith and credit of state for payment of bonds
§ 31-31-27. Issuance of warrants for payment of bonds
§ 31-31-29. Telecommunication Conference Center Fund
§ 31-31-33. Validation of bonds
§ 31-31-35. Enforcement of rights by holders of bonds
§ 31-31-39. Exemption from taxation of bonds and income from bonds